FDI attraction drops in January
Vietnam had granted investment licences to 166 new projects as of January 20, with a total registered capital of 442.6 million USD, down 5.1 percent in project number and 64.4 percent in capital against those of the same period last year.
Illustrative image (Source: binhduong.gov.vn)Hanoi (VNA) – Vietnam had granted investment licences to 166 new projects as of January 20, with a total registered capital of 442.6 million USD, down 5.1 percent in project number and 64.4 percent in capital against those of the same period last year.
According to the General Statistics Office (GSO), 61 projects saw capital adjustment with additional investments of 456.8 million USD, a year-on-year rise of 155 percent.
Disbursements are estimated at 1.05 billion USD, up over 10 percent year-on-year.
In the month, there were 415 deals made by foreign investors to contribute capital to businesses and to buy shares of Vietnamese businesses with total capital of 356 million USD, a year-on-year rise of 54 percent.
The GSO indicated that foreign direct investment (FDI) poured into new projects mainly concentrated on manufacturing-processing, with a registered capital of 330 million USD, accounting for 74 percent of the total.
Total newly-registered and additional investments in the sector reached 746 million USD in the month.
Among 24 cities and provinces receiving FDI in the first month of 2018, Ho Chi Minh City was on the top with 86.2 million USD, followed by Nam Dinh (80.2 million USD), Ninh Thuan (60 million USD), and Binh Duong (36.7 million USD).
Among 23 nations and territories investing in Vietnam in January, Singapore was the biggest investor with 147.7 million USD, followed by the Republic of Korea (70.4 million USD), Norway (70.1 million USD), and British Virgin Islands (51.4 million USD).-VNA
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
